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Updated over 6 years ago on . Most recent reply

James G.'s profile image
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James G.
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  • from St Louis, MO
  • Member since Jun 7, 2017
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James G.'s profile image
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James G.
  • Investor
  • from St Louis, MO
  • Member since Jun 7, 2017
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James G.
  • Investor
  • St Louis, MO
181
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250
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Buying & Selling Real Estate

Appraisal for $2,850???

James G.
  • Investor
  • St Louis, MO
Posted
Is this price reasonable for a 5 unit in Decatur, IL? Seems awfully high...
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Mike McCarthy
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Mike McCarthy
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Mike McCarthy
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Mike McCarthy
  • Investor
  • Philadelphia, PA
Replied

My understanding is over 4 units is considered commercial, and there’s a lot more financial work that’s done with them.

I had a 3-unit just done for $675, but it was done as residential... so I think that’s why.

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